About
Tata Teleservices (Maharashtra) Limited provides wire line voice, data, and managed telecom services to enterprise customers in Maharashtra and Goa. The company offers its information and communication solutions under the Tata Tele Business Services brand name. It provides digital solutions, including connectivity, business communications, security, marketing, and managed services. The company provides cloud and SaaS services comprising smart cloud, google workplace, Microsoft azure and Microsoft 365, smartflo and smartflo UCaaS; voice services, including Centrex, PRI, SIP trunk, SmartOffice, and international bridging service. It also offers data services comprising smart internet, Ill burstable bandwidth, SD-WAN iFLX, smart VPN-MPLS, EZ cloud connect, leased line-P2P, tele Wi-Fi, ultra-LOLA, and business and retail broadband. In addition, the company provides marketing solutions, such as toll free and call register services, hosted IVR, hosted OBD services, and SMS solutions; and cyber security services, including multifactor authentication and virtual firewall, as well as email, endpoint, and web security. It serves BFSI, IT/ITES, manufacturing, services, education, healthcare, telecom, media, entertainment, retail, and other industries. Tata Teleservices (Maharashtra) Limited was incorporated in 1995 and is headquartered in Navi Mumbai, India.
Key Metrics
as of Sep 2026Market Cap7,382 Cr
P/E—
Div Yield0.00 %
Book Value₹-2.87
52w High₹60.60
52w Low₹30.10
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 302.00 | 296.00 | 294.00 | 286.00 | 284.00 | 308.00 | 333.00 | 344.00 | 324.00 | 323.00 | 296.00 | 287.00 | 286.00 |
| Expenses | 137.00 | 132.00 | 119.00 | 146.00 | 138.00 | 155.00 | 182.00 | 205.00 | 188.00 | 182.00 | 157.00 | 159.00 | 161.00 |
| Operating Profit | 165.00 | 163.00 | 175.00 | 140.00 | 147.00 | 153.00 | 150.00 | 138.00 | 135.00 | 141.00 | 139.00 | 128.00 | 125.00 |
| OPM % | 55.00 | 55.00 | 60.00 | 49.00 | 52.00 | 50.00 | 45.00 | 40.00 | 42.00 | 44.00 | 47.00 | 44.00 | 44.00 |
| Other Income | 2.00 | 665.00 | -2.00 | 2.00 | -2.00 | 2.00 | 1.00 | 2.00 | 5.00 | 3.00 | 3.00 | 2.00 | 4.00 |
| Depreciation | 33.00 | 32.00 | 36.00 | 37.00 | 37.00 | 42.00 | 43.00 | 42.00 | 41.00 | 39.00 | 38.00 | 36.00 | 36.00 |
| Interest | 206.00 | 215.00 | 288.00 | 425.00 | 433.00 | 419.00 | 423.00 | 429.00 | 423.00 | 414.00 | 411.00 | 403.00 | 394.00 |
| Profit before tax | -72.00 | 581.00 | -150.00 | -321.00 | -325.00 | -306.00 | -315.00 | -330.00 | -323.00 | -309.00 | -308.00 | -310.00 | -301.00 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | -72.00 | 581.00 | -150.00 | -321.00 | -325.00 | -306.00 | -315.00 | -330.00 | -323.00 | -309.00 | -308.00 | -310.00 | -301.00 |
| EPS in Rs | -0.37 | 2.97 | -0.77 | -1.64 | -1.66 | -1.57 | -1.61 | -1.69 | -1.65 | -1.58 | -1.57 | -1.59 | -1.54 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,160.00 | 1,308.00 | 1,192.00 | 1,106.00 | 1,094.00 | 1,044.00 | 1,078.00 | 1,277.00 | 1,869.00 | 2,703.00 | 2,972.00 | 2,893.00 |
| Expenses | 543.00 | 737.00 | 664.00 | 614.00 | 626.00 | 555.00 | 656.00 | 614.00 | 1,734.00 | 2,057.00 | 2,227.00 | 2,292.00 |
| Operating Profit | 617.00 | 571.00 | 527.00 | 492.00 | 468.00 | 489.00 | 422.00 | 664.00 | 135.00 | 646.00 | 745.00 | 601.00 |
| OPM % | 53.00 | 44.00 | 44.00 | 45.00 | 43.00 | 47.00 | 39.00 | 52.00 | 7.00 | 24.00 | 25.00 | 21.00 |
| Other Income | 670.00 | 16.00 | 16.00 | 11.00 | 17.00 | -756.00 | -2,396.00 | 400.00 | -7,875.00 | -924.00 | 40.00 | 45.00 |
| Interest | 1,361.00 | 1,694.00 | 1,622.00 | 1,502.00 | 1,539.00 | 1,561.00 | 1,545.00 | 1,554.00 | 1,569.00 | 1,282.00 | 684.00 | 651.00 |
| Depreciation | 142.00 | 168.00 | 150.00 | 147.00 | 160.00 | 169.00 | 195.00 | 178.00 | 533.00 | 796.00 | 460.00 | 611.00 |
| Profit before tax | -215.00 | -1,275.00 | -1,228.00 | -1,145.00 | -1,215.00 | -1,997.00 | -3,714.00 | -668.00 | -9,842.00 | -2,356.00 | -358.00 | -615.00 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | -215.00 | -1,275.00 | -1,228.00 | -1,145.00 | -1,215.00 | -1,997.00 | -3,714.00 | -668.00 | -9,842.00 | -2,356.00 | -358.00 | -615.00 |
| EPS in Rs | -1.10 | -6.52 | -6.28 | -5.86 | -6.22 | -10.21 | -19.00 | -3.42 | -50.35 | -12.05 | -1.83 | -3.15 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,955.00 | 1,955.00 | 1,955.00 | 1,955.00 | 1,955.00 | 1,955.00 | 1,955.00 | 1,955.00 | 1,955.00 | 1,955.00 | 1,955.00 | 1,955.00 |
| Reserves | -21,938.00 | -21,525.00 | -21,208.00 | -21,009.00 | -20,787.00 | -20,446.00 | -19,434.00 | -16,775.00 | -17,114.00 | -7,864.00 | -5,941.00 | -4,923.00 |
| Borrowings | 20,869.00 | 20,416.00 | 20,047.00 | 19,869.00 | 19,794.00 | 19,539.00 | 16,895.00 | 16,545.00 | 15,578.00 | 16,220.00 | 11,654.00 | 7,410.00 |
| Other Liabilities | 455.00 | 458.00 | 513.00 | 397.00 | 403.00 | 461.00 | 2,298.00 | 2,805.00 | 2,961.00 | 1,595.00 | 1,794.00 | 1,602.00 |
| Total Liabilities | 1,341.00 | 1,304.00 | 1,307.00 | 1,211.00 | 1,365.00 | 1,509.00 | 1,714.00 | 4,531.00 | 3,380.00 | 11,906.00 | 9,462.00 | 6,044.00 |
| Fixed Assets | 939.00 | 798.00 | 788.00 | 740.00 | 779.00 | 830.00 | 894.00 | 718.00 | 847.00 | 7,460.00 | 3,363.00 | 4,188.00 |
| CWIP | 28.00 | 35.00 | 59.00 | 34.00 | 28.00 | 29.00 | 39.00 | 26.00 | 27.00 | 2,504.00 | 4,246.00 | 46.00 |
| Investments | 23.00 | 58.00 | 34.00 | 66.00 | 100.00 | 70.00 | 0.00 | 609.00 | 378.00 | 680.00 | 592.00 | 0.00 |
| Other Assets | 351.00 | 413.00 | 425.00 | 369.00 | 457.00 | 580.00 | 781.00 | 3,178.00 | 2,129.00 | 1,263.00 | 1,260.00 | 1,809.00 |
| Total Assets | 1,341.00 | 1,304.00 | 1,307.00 | 1,211.00 | 1,365.00 | 1,509.00 | 1,714.00 | 4,531.00 | 3,380.00 | 11,906.00 | 9,462.00 | 6,044.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 668.00 | 505.00 | 586.00 | 558.00 | 530.00 | 567.00 | -360.00 | -734.00 | 603.00 | 730.00 | 766.00 | 636.00 |
| Cash from Investing Activity | -91.00 | -109.00 | -64.00 | -66.00 | -130.00 | -177.00 | 510.00 | -101.00 | 259.00 | -2,198.00 | -1,183.00 | -785.00 |
| Cash from Financing Activity | -604.00 | -386.00 | -503.00 | -494.00 | -427.00 | -432.00 | -237.00 | 967.00 | -860.00 | 1,041.00 | 434.00 | 177.00 |
| Net Cash Flow | -27.00 | 10.00 | 18.00 | -2.00 | -26.00 | -42.00 | -87.00 | 132.00 | 2.00 | -427.00 | 18.00 | 28.00 |
| Free Cash Flow | 535.00 | 413.00 | 482.00 | 449.00 | 426.00 | 457.00 | -469.00 | -861.00 | 526.00 | -1,401.00 | 513.00 | -149.00 |
| CFO/OP % | 110.00 | 87.00 | 115.00 | 110.00 | 111.00 | 108.00 | -80.00 | -110.00 | 417.00 | 110.00 | 97.00 | 114.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30.00 | 40.00 | 48.00 | 36.00 | 40.00 | 27.00 | 41.00 | 26.00 | 31.00 | 31.00 | 36.00 | 25.00 |
| Cash Conversion Cycle | 30.00 | 40.00 | 48.00 | 36.00 | 40.00 | 27.00 | 41.00 | 26.00 | 31.00 | 31.00 | 36.00 | 25.00 |
| Working Capital Days | -5,675.00 | -2,724.00 | -2,239.00 | -3,310.00 | -3,058.00 | -3,370.00 | -4,188.00 | -3,110.00 | -1,775.00 | -893.00 | -679.00 | -448.00 |
| ROCE % | 56.00 | 50.00 | 48.00 | 40.00 | 32.00 | 147.00 | 42.00 | 50.00 | -5.00 | -1.00 | 5.00 | 1.00 |
Corporate Actions
19 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 11 Jul 2019 | 12 Jul 2019 | — | — | Spin Off |
| Other | 11 Jul 2019 | 12 Jul 2019 | — | — | De-Merger |
| Other | 24 Sep 2018 | — | — | — | Annual General Meeting |
| Other | 25 Jul 2017 | — | — | — | Annual General Meeting |
| Other | 18 Aug 2016 | — | — | — | Annual General Meeting |
| Other | 11 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 12 Sep 2014 | — | — | — | Annual General Meeting |
| Other | 11 Sep 2013 | — | — | — | Annual General Meeting |
| Bonus | 07 Aug 2013 | 08 Aug 2013 | 2:15 | — | |
| Other | 14 Aug 2012 | — | — | — | Annual General Meeting |
| Other | 03 Aug 2011 | — | — | — | Annual General Meeting |
| Other | 22 Jul 2010 | — | — | — | Annual General Meeting |
| Other | 30 Jul 2009 | — | — | — | Annual General Meeting |
| Other | 25 Jul 2008 | — | — | — | Annual General Meeting |
| Other | 03 Aug 2007 | — | — | — | Agm |
| Rights | 19 Oct 2006 | 28 Oct 2006 | 19:100 | — | |
| Other | 19 Oct 2006 | 28 Oct 2006 | — | — | Right Issue of Equity Shares |
| Other | 18 Jul 2006 | — | — | — | Agm |
| Other | 19 Jul 2005 | — | — | — | Agm |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update2 Dec 2025 from crisil
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Rating update29 Oct 2025 from crisil
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Rating update9 Oct 2025 from care
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Rating update27 Jun 2025 from care
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Rating update10 Mar 2025 from crisil
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Rating update29 Oct 2024 from crisil